Let All Seasons Real Estate, Inc help you with purchasing your home in Covina
For a lot of people, purchasing a home can be a stressful event. But with some planning ahead of time, it isn't too difficult.
So they know exactly what they can expect, I'll give buyers an overview of the whole deal.
These are my nine steps to purchasing a home.
Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are a lot of things you need to do prior to commencing your home search.
When you start your search, you'll probably want to put together a check list of features you need to have, get a plan of what school districts you want to live in, and begin working on your budget.
A good guideline to go by is that your mortgage payment should be less than or close to a third of your net monthly income.
Step 2 – Contact a real estate agent in Covina
This is where All Seasons Real Estate, Inc can help.
I'd like to book a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, school districts in the Covina area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you start the loan process.
There are some excellent mortgage professionals in Covina, and I partner with a lot of them, so you'll be in great hands.
They'll help you choose which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking
After our first meeting, I'll begin looking for homes on the market that suit your needs.
I'll get a sneak peek of most of the homes and throw out the duds, and then we'll book appointments to view the homes when it's convenient for you.
When we tour homes, I'll show you the positive features, as well as bad ones. And I'll ask you to point out what things you like and dislike.
For the most part, buyers amend their list of must-haves as we tour homes and some features become more essential than others.
If such is the case, I'll go back through the listings another time and trim it down to the house of your dreams.
Step 4 – Get a grasp of the housing market
My knowledge of the Covina home market is an imperative factor in your house search. I'm acquainted with all the neighborhoods and school districts, and I will alert you to some neighborhoods are "hot" and demand prompt action and some that are "cool" and allow for careful consideration.
When we view houses, I'll let you know if the seller's asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask plenty of questions. Any REALTOR in Covina will tell you they understand the home market.
If things don't add up, just call me at (626) 339-0697 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home of your dreams
I'm confident we'll find your dream home in Covina. When we do, I'll carefully create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clear title.
When we present your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property and is typically put towards the closing costs. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer – it's very common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market will play a large role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that works well for you.
Step 7 – Get a loan
After we sign the final contract, you'll start working with your lender to close the loan.
If you're pre-qualified, this won't take much time at all, but you'll want to keep in close contact with your lender.
And I'll sort out all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your loan application.
This estimate is based on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks permissible.
Then we'll close on your house. This will probably take place at a title company or escrow office and will probably be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at (626) 339-0697 or e-mail me at .